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Arbitrator Upholds Firing of Outdated Lobster 207 Chief Executive Officer, Warren Pettegrow


Arbitrator Upholds Firing of Former Lobster 207 Chief Executive Officer, Warren Pettegrow  - Awards $1.02 Million

Portland, ME, August 27, 2021 –(PR.com)– The Executive Board of Lobster 207, LLC has learned that an arbitrator has ruled in its decide on in connection with claims brought by Lobster 207 against its oldschool CEO, Warren Pettegrow, for breaches of his employment agreement and fiduciary responsibilities to the firm. After Lobster 207 filed a federal racketeering lawsuit against Pettegrow in December of 2019, Pettegrow demanded that the dispute of his firing be made up our minds by an arbitrator and now not by a jury. After days of hearings appealing testimony by ten witnesses, on August 23, 2021, the arbitrator issued an award in decide on of Lobster 207 and against Pettegrow in the quantity of $1,021,000.

Primarily primarily based on the factual paperwork, in what he described as “now not a shut decision,” the arbitrator learned that Warren Pettegrow had breached his employment agreement and fiduciary responsibilities to Lobster 207 by committing acts of “rotten misconduct” and that, “from day one,” Pettegrow had intended to abet his of us and their firm, Trenton Bridge Lobster Pound, Inc., in being profitable in the wholesale lobster enterprise at Lobster 207’s expense. The arbitrator concluded that “as Lobster 207’s CEO, Warren Pettegrow might perchance perchance serene gain been neatly attentive to [Lobster 207’s] mission to keep lobstermen money by avoiding the middleman as a lot as that you simply might perchance agree with and bringing transparency to the prices got.”

With the arbitrator’s ruling upholding its oldschool CEO’s discharge, the Federal racketeering case pending earlier than the United States District Court in Bangor against the Pettegrows, and Trenton Bridge Lobster Pound now continues in direction of trial.

Speaking on behalf of Lobster 207, its Chief Executive Officer, Michael Yohe, acknowledged, “the firm and its membership are ecstatic that the arbitrator ruled in our decide on in recognizing that our oldschool CEO became neatly discharged in accordance with the info and circumstances supplied to our board. Lobster 207 remains committed to our mission of conserving the pursuits of Maine’s lobstering males and ladies folks. We now not sleep for presenting our federal court case earlier than a Maine jury.”

Lobster 207, LLC is a Maine fishing cooperative wholly owned by the members of the Maine Lobstering Union.

Lobster 207

Mike Yohe

207-667-4720

lobster207.com

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